Automatic stabilizers dampen economic fluctuations during recessions because ________ decrease while ________ increase
A) tax revenues; tax payments B) tax payments; transfer payments
C) tax payments; tax revenues D) unemployment rates; inflation rates
B
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Which of the following is included in a nation's capital and financial account?
I. the purchase of foreign stocks and bonds II. the sale of foreign stocks and bonds III. importing a piece of capital equipment A) I only B) I and II C) III only D) I, II and III
A person who voluntarily quits their job in New York and expects to get a similar job in Los Angeles is an example of
The economists of the Federal Trade Commission suggested rejection of Coke's merger with Dr. Pepper as it could:
a. increase overall competition in the soft drinks industry. b. lower Coke's share in the carbonated and soft drinks market. c. reduce the profitability of the entire soft drinks industry. d. allow Coke to profitably raise its prices by 5 to 10 percent.
State and local governments
a. use a mix of taxes and fees to generate revenue. b. are required by federal mandate to levy income taxes. c. are required to tax property at a standard rate set by the federal government. d. must tax wages more heavily than interest and dividend income.